A new study by UK-based consultancy Wood Mackenzie on what to expect from global oil and gas exploration shows that this sector should return to profitability in 2017 after five years of only single-digit returns.

Russian gas has been unreliable in the past; on the other hand, Russian gas should flow through Poland and Ukraine, and not go through the second, planned Nord Stream line, delegates were told at the Central European Day of Energy in Brussels December 9.

AWE and joint venture partner Origin Energy are moving swiftly towards the second stage of the Waitsia gas project in Western Australia’s Perth basin and have approved the 2017 development activities budget.

Japan’s JGC Corp has secured valuable contracts from Shell and Sonatrach for major gas engineering work in Australia and Algeria.
On December 9 it has received an order for the construction management and completion support services for the 3.